- Policy to increase the building of more affordable homes in the countryside welcomed

Section: Affordable Housing

Legal & General launches affordable housing arm

Posted 30.04.18
Legal & General: Article link

Legal & General has announced the launch of Legal & General Affordable Homes, a new wholly-owned affordable housing provider which it is establishing through a leading development and management platform.

With Legal & General's long term financial backing and utilising the housing management expertise of the leading existing affordable housing providers, the new business will be looking to accelerate and grow the provision of affordable housing across the UK.

It will target all areas of the affordable housing market, including new build Section 106 and grant-funded affordable rent, social rent and shared ownership units.

Legal & General Affordable Homes will aim to be fully operational and delivering 3,000 homes per year within the next four years.

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Review of affordable housing supply in Wales announced

Posted 24.04.18
The Welsh Government: Article link

Housing and Regeneration Minister Rebecca Evans has announced an independent review of affordable housing supply in Wales.

The review will cover:

the scope for increasing match funding to build more affordable homes, to maximise the number of homes created by the Welsh Government's contribution to social housing;
the arrangements governing partnership working between local authorities and housing associations;
the implications of moving to deliver zero carbon homes by 2020, including the role of off-site manufacture and modern methods of construction;
the standards governing affordable housing and whether they require updating; and
the making of recommendations regarding a sustainable rent policy that will both allow long term affordability for tenants and allow viability of existing and new housing developments.

The review will be expected to issue a report and make recommendations to the Minister by the end of April 2019. p>*****